PTL Group

PTL Group

PTL Group has not set their biography yet

The first ever China International Import Expo (CIIE)

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Monday, 09 July 2018
in Business in China

The first ever China International Import Expo (CIIE) will take place this November in Shanghai. The Expo’s objective is to provide new opportunities for foreign countries & companies to expand their exports to China, sending a clear message to overseas investors: China is eager to open its market to new products and services from abroad. This initiative is just another tangible example of the government’s interest in affirming its openness to the globalized world.

The expo will be organized into two main areas: country pavilions for trade and investment, which will exclusively showcase products from a specific country or region, and the enterprise & business exhibition, which will allow foreign companies to exhibit themselves in two distinct sections: trade of goods (180.000) and trade of services (30.000). It is expected that a variety of sectors will be represented: High-end intelligent equipment, Automobile, Accessories & consumer goods, Culture & education, and many more. Consult the full list on the official CIIE website.

Tags: Untagged

International Leading IC Foundry’s Business Journey in China——An Interview with TowerJazz China Country Manager-Mr. Lei Qin

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Monday, 09 July 2018
in Business in China

Q: Could you please introduce the business and the history of TowerJazz?

A: TowerJazz, the global specialty foundry leader, specializes in manufacturing analog integrated circuits for more than 300 customers worldwide in growing markets such as automotive, medical,industrial, consumer and aerospace and defense, among others. Currently TowerJazz’s main business in China focuses on serving fabless companies by offering a broad range of customizable process technologies, including SiGe BiCMOS and RF CMOS (SOI and bulk) for radio frequency and high performance analog (HPA)applications; CMOS image sensor (CIS); power management, including BCD and 700V and its patented Y-Flash, the leading solution for non-volatile memory (NVM)and mixed-signal CMOS.

Tags: Untagged

Easier Market Access for Foreign Payment Firms: New Opportunities For Companies!

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 29 June 2018
in Business in China

Rules for foreign-invested payment firms over Chinese market access have recently been changed by China’s central bank to promote openness and equality in their treatment towards foreign payment firms as compared to local payment firms. 

So far, foreign payment services have not – or hardly – been able to make RMB settlement in China. Even though global market leaders’ payment services, like Visa & MasterCard, are functional in Chinese market, but the payment is done through Union Pay settlement channel.  

These firms are required to have secure, regulated transaction and recovery systems in China with the capacity of processing payment services individually, according to the People’s Bank of China (PBOC).

Tags: Untagged

China Reduces Value Added Tax Rates and Adjusts Threshold

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 29 June 2018
in Business in China

In line with last month announcement of implementing major value added tax (VAT) reform in 2018, China announced the first step in this reform process was enacted on the 1st of May. Two major changes are expected following this announcement: the first being a 1% VAT rate reduction for general tax payer and the second being an increase in the threshold for compulsory registration as general tax payer. These measures will apply to both domestic and foreign-funded companies (joint ventures, WOFE…) which is good news for all business entities in China. We delve a bit deeper to explore the impact of this announcement.

1% VAT Rate Reduction

Over the VAT three-tiered rate structure (17%, 11% & 6% rates), the 17% and 11% rates will be decreased to respectively 16% and 10%. The statement did not indicate any changes to the 6% VAT rate. 

Tags: Untagged

New Policy Changes: Simplifying Company Set Up, Construction Projects & Obtaining Access to Government Services

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 28 June 2018
in Business in China

The Chinese authorities have recently announced new policies for easing business in China. Some measures will be taken to simplify and drastically reduce approval time for starting a foreign-invested enterprise (FIE), construction projects, and accessing government services. The measures will be implemented in specific areas of the country first, and then will apply nationwide by the first half of 2019.

Business Establishment Regulations: One-Stop, One-Form

By June 30, the previous long and complex process to set up a new foreign-invested business will be turned into a “one-stop, one-form” procedure, slashing through the bureaucratic processes. Filling and registration process will be executed together, in one single office or online, allowing for the possibility to submit an electronic application. Previously, one needed a paper-registration and had to apply in person. This will no longer be necessary. Additionally, they have removed the need for company names to be approved in advance, and are planning to reduce the processing time for invoice applications and insurance registration. 

Tags: Untagged

China to Take 7 Major Measures to Cut Taxes for SMEs and High-Tech Firms

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 28 June 2018
in Business in China

Following China government’s objective to ease business for foreign investors and businesses, new policies will take place in order to alleviate financial pressure on small & medium companies in addition to high-technology firms. It was announced that 7 measures will be applied nationwide starting this year, after a successful test period in eight zones that included Beijing, Shanghai, & Suzhou industrial park. In the long term, such measures are expected to reduce the tax burden of more than 60 billion RMB (equal to 9.4 billion USD) for SMEs and high-tech firms in China.

The 7 Actions Plan

Over the VAT three-tiered rate structure (17%, 11% & 6% rates), the 17% and 11% rates will be decreased to respectively 16% and 10%. The statement did not indicate any changes to the 6% VAT rate. 

1.Raise the per-unit value of newly purchased R&D instruments and equipment that is eligible for a one-time tax deduction from 1 million RMB (157,000 USD) to 5 million RMB (784,000 USD).

Tags: Untagged

Update to Work Permit Renewal Process in China Announced

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Monday, 15 January 2018
in Business in China

This December, the China State Administration of Foreign Expert Affairs announced a change in the foreigner work visa renewal process that will affect every foreigner in China. The announcement states that all applications to renew their Chinese work permit must be submitted at least 30 days before the expiration on their permit. This means that all required paperwork must be prepared well in advance of the renewal period. The new regulation is to take effect on February 28th, 2018, just days after the 2018 Chinese New Year holiday.

Tags: Untagged

New Chinese “High-end Talent Visa” for foreigners is implemented in 2018

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 11 January 2018
in Business in China

China introduces a new free, fast-track visa, for “high-end” foreign talent. The report, released by the state news agency Xinhua, stated that under new policy from the State Administration of Foreign Expert Affairs, applicants who qualify for the Certificate for Foreign High-End talent can obtain the new visa as fast as five working days. With this certificate applicants can apply for new 5 or 10 year multiple entry visas.

Tags: Untagged

China Slashes Import Tariffs on Consumer Goods

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 11 January 2018
in Business in China

Beginning December 1st, 2017, The Ministry of Finance has stated that there will be a cut on import tariffs on a diverse range of consumer products. This initiative comes as an effort to facilitate the increasingly varied domestic demand and to aid the “consumption upgrade”. As foreign imported good are seen as higher quality and safer than locally produced products, they are currently more desirable to consumers hence, and this initiative is hoped increase consumer spending.

Tags: Untagged

What Awaits in China 2018: A More Dynamic and Flourishing Market —— An interview with PTL Group GM-Arie Schreier

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Wednesday, 10 January 2018
in Business in China

Q: How do you see the market shifting in China?

A: The type of international company that is entering the Chinese market is shifting from a more traditional manufacturing and industrial company to start-ups in the tech and internet industries. About 5 years ago, our feeling as an organization had been that everyone who wanted to enter the China market was already here, or that people had tried, failed, and then left. Concurrently, we began to witness a huge start-up boom not only around the globe but also in the Israeli market, which brought new entrants and clients for PTL Group—and they keep coming. Many Israeli companies have taken advantage of both Chinese and Israeli government grants to help support market entry in China. This aid smoothed the way for companies that would not have entered the China market without access to special economic zones such as dedicated industrial parks, and specific policies that allowed an easier entry.

These start-ups are not just Israeli businesses trying their hand in the Chinese market, some are set up exclusively for the Chinese market. One such example is PTL client UgaUga—an innovate baking products startup that specializes in cake mixes that are optimized for easy baking within a rice cooker, since ovens are not a common appliance in a Chinese household.

Tags: Untagged

The Inside Scoop: How to use the 144-hour Transit Visa

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Wednesday, 10 January 2018
in Business in China

China’s introduction of a 144 hour visa means that it is even for tourist to spend up to six days within the country without the hassles of the visa office. The visa was introduced with the aim at boosting business and tourism within the country.

There are certain rules and regulations that must be determined first in order to first qualify for the visa free entry. Firstly and most importantly is determining ones eligibility. There are only 53 countries that qualify for the visa free transit. The full list can be found here, which includes such countries as the United States, UK, Japan, South Korea and Australia.

Tags: Untagged

2018 Chinese/Jewish Holidays Calendar

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 14 December 2017
in Business in China

Tags: Untagged

Insights from Arie Schreier. How China is changing and what we can do to capitalize

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 20 October 2017
in Business in China

By Toby Marshall

ACBC boosted our week with yet another brilliant Round table presentation, this time from speaker Arie Schreier. And nice to see our old friend David Thomas back in the facilitation role - he does it so smoothly and his China knowledge is vast.

With Arie’s extensive experience consulting to and managing organizations globally, his stories held valuable insights for those planning to capitalize on the business opportunities in China.

And loved that he didn’t just share the ‘look at the success we delivered’ stories - he shared some stuff ups as well. So much more real and valuable than the perfect world that many firms pretend to have. What were some of his take home messages? 

Tags: Untagged

26 Prohibitions Issued for Company Names

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 19 October 2017
in Business in China

Company name creation is the first thing you need to do when applying for setting up your legal entities in China, and the State Administration for Industry and Commerce (AIC) is the ministry that evaluates and approves your application. August 11th 2017, AIC interpreted the newly introduced "Restriction Rules for company names", which clearly stated the creation of company names must comply with the 26 rules.

Among the 26 prohibitions, 11 of them strictly ban those company names containing contents and words that may harm the interests of the state or society or containing any contents that may cause fraud or misunderstanding to the public; company names containing foreign country (area) names or international organization names and company names that consists of foreign characters or Arabic numerals, etc. 

Tags: Untagged

China Deepens the VAT Reform

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Tuesday, 17 October 2017
in Business in China

China’s Value Added Tax (VAT) reform was introduced in 2012 and implemented national wide in May 2016. From May 2016 to June 2017, 85.12 billion RMB has been cut from companies’ burden, according to the Ministry of Finance.

Premier Li Keqiang confirmed that China will continue to refine VAT reform, following an August 18th meeting of the State Council Executive Meeting.

The VAT reform programs announced this year continue to streamline and simplify China's tax structure.

 There are four major changes as followed:

1.Tax tiers have been reduced from four to three tiers (now 6 percent, 11 percent, and 17 percent, with the 13 percent tier removed) and reduce tax rates for farm products, tap water, and publications from 13 percent to 11 percent.

Tags: Untagged

A Way out in the Chinese Market for an International Software Service Company ---- An interview with PTL Group’s Client - Plataine

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 13 October 2017
in Business in China

Plataine is an award-winning provider of Cloud-based IoT manufacturing optimization software. Plataine’s patent-protected solutions provide material & asset tracking and

traceability capabilites, creating the Digital Thread from raw material to end product. Plataine’s AI-based Digital Assistants empower advanced manufacturers to make optimized decisions on time, every time. Plataine’s solutions are used by top-tier manufactures including Airbus, GE, IAI, and Steelcase. With its HQ and R&D center in Israel, Plataine extended its sales to China in 2009 through one sales representative, however, the sales took off dramatically since Mr. Jason Xu and a new team joined in 2014. Today, Plataine’s China sales activities is 10-fold the sales it was in 2014.

Tags: Untagged

WeChat “Mini Programs”

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Wednesday, 23 August 2017
in Business in China

Where are they heading?

On January 9th this year Tencent introduced WeChat Mini Programs after a long period of waiting. Before their launch, Mini Programs were the hottest topic among marketers and developers since they might well change the current mobile application market that is dominated by the App Store and Chinese alternatives to Google Play (since Google Play is not available in China).

What are WeChat Mini Programs?

WeChat Mini Programs is another function Tencent created for WeChat, a very popular app that has over 900 million monthly active users as of Q1 2017. The Mini Programs are developed based on the WeChat platform and can be run within WeChat itself. In other words, it’s an app within another app. Hence, mobile users don’t need to download a virtual app from the app marketplace, but can use the applications simply by opening WeChat.

Tags: Untagged

How to reach 100,000 reviews on a WeChat post

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Wednesday, 23 August 2017
in Business in China

Since more and more companies are realizing the importance of WeChat as a marketing tool in China, the following kinds of campaigns have been used

“Scan and follow our WeChat account to get 2 bottles of drink for free.”
“Take a picture and share on your moments and get 10 RMB discount.”
“Forward this campaign to your moments and receive a 100 RMB coupon. “

By using these general points above as the means to introduce your WeChat account, you can easily get your customers to spread your campaigns. Although many customers comply with corporate aspirations to share content, however after they have received the freebie or coupon they will delete the content which leads to a lack of results.

Tags: Untagged

A Letter from Head of China Marketing

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Wednesday, 23 August 2017
in Business in China

Dear colleagues and friends,

During the years we have been working for international companies and managing their Chinese digital marketing channels, I’ve come to realize that due to language and cultural barriers, most digital marketers working in the West find it difficult to keep pace with the fast changing digital landscape and regulations in the Chinese market. In the first case, the Chinese digital landscape looks very different from that in the West, e.g. there is no Facebook or Google here. Moreover, regulations here are liable to change from time to time, and that may influence the marketing activities and available channels that can be used in this market.

Tags: Untagged

New regulation of issuing Chinese VAT invoice comes to effect

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 04 August 2017
in Business in China

On May 19th, 2017, the China State Administration of Taxation (SAT) published an announcement titled, “Announcement of Matters Regarding the Issuance of Value-added Tax Invoices”.

In this announcement, it states that “from July 1 2017, a corporate purchaser needs to provide a Tax ID when obtaining a general VAT fapiao from a seller. The Tax ID should be on the VAT fapiao. If not, the VAT fapiao will not be seen as a valid tax payment receipt.” This means that corporations should exercise caution when they need issuing VAT fapiao since it appears that the SAT will monitor every corporation’s tax status.

Tags: Untagged